@derryb said:
Hmm. . lack of availability? Like in low supply or high demand? Hmm. . .
Hmmm. If that was the case, silver would be booming up and not having lateral or down movements
There is no such thing as low supply in the paper market...
Agree, but demand and speculation drives the "paper market" and it's not there either.
Oh, rest assured it is there. Problem is it is, as usual, fighting the bid for the physical trade.
I'm not resting....Is that your assumption? Or do you have RELIABLE data that substantiates your theory?
Numerous valid links have been posted here showing that bullion bank traders on the COMEX have been prosecuted for fixing PM prices in the futures market. Reality, grasp it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
Hmm. . lack of availability? Like in low supply or high demand? Hmm. . .
Hmmm. If that was the case, silver would be booming up and not having lateral or down movements
There is no such thing as low supply in the paper market...
Agree, but demand and speculation drives the "paper market" and it's not there either.
Oh, rest assured it is there. Problem is it is, as usual, fighting the bid for the physical trade.
I'm not resting....Is that your assumption? Or do you have RELIABLE data that substantiates your theory?
Numerous valid links have been posted here showing that bullion bank traders on the COMEX have been prosecuted for fixing PM prices in the futures market. Reality, grasp it.
The number is absolutely miniscule compared to the overall financial market. In fact based off the number I'd say the PM market is FAR LESS manipulated than every other market. Climb out of the bunker, turn off your Bulgarian hedge newz feed and soak up a big dose of reality. For Cripes Sakes! Get with it man!!
@derryb said:
Hmm. . lack of availability? Like in low supply or high demand? Hmm. . .
Hmmm. If that was the case, silver would be booming up and not having lateral or down movements
There is no such thing as low supply in the paper market...
Agree, but demand and speculation drives the "paper market" and it's not there either.
Oh, rest assured it is there. Problem is it is, as usual, fighting the bid for the physical trade.
I'm not resting....Is that your assumption? Or do you have RELIABLE data that substantiates your theory?
Numerous valid links have been posted here showing that bullion bank traders on the COMEX have been prosecuted for fixing PM prices in the futures market. Reality, grasp it.
The number is absolutely miniscule compared to the overall financial market. In fact based off the number I'd say the PM market is FAR LESS manipulated than every other market. Climb out of the bunker, turn off your Bulgarian hedge newz feed and soak up a big dose of reality. For Cripes Sakes! Get with it man!!
Maybe somebody needs come out of the wood shed once in a while and read the Wall Street Journal ?
Let's not forget that Morgan Stanley in the 2002-2011 period was found guilty of holding people's money in their "physical silver fund".....yet they didn't have any physical silver in said fund.....they "forgot" to get some....lol. They got a wrist slap out of that one. The amount of silver and gold derivatives out there are massive enough to swing and control the markets. Recall the Bear Stearns silver derivatives debacle from 2007-early 2008 that helped to bust them. JPMorgan bought BSC to help cover over the inconvenient truth of the paper silver positioning. And they actually added to it for several months into the July 2008 derivatives peak.
By July 2008 the amount of paper silver otc derivatives was about $100 BILLION....or at that time 13 years of World-Wide Production (gold derivatives weren't as bad with the big bullion banks only holding $650 BILL or 4 yrs of gold production). Yeah, just a "little" manipulation. And that little manipulation in silver only temporarily dropped silver from $21 to $8. Not that you could actually buy any physical silver at $8-$12/oz at that time. In under 3 years it went up to $49. Show me other markets where the total paper supply (ie manipulation) reaches 13 years of world production in any other commodities. Gold & Silver otc derivatives still run about 4-6 yrs of world annual production.
Comments
Numerous valid links have been posted here showing that bullion bank traders on the COMEX have been prosecuted for fixing PM prices in the futures market. Reality, grasp it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The number is absolutely miniscule compared to the overall financial market. In fact based off the number I'd say the PM market is FAR LESS manipulated than every other market. Climb out of the bunker, turn off your Bulgarian hedge newz feed and soak up a big dose of reality. For Cripes Sakes! Get with it man!!
The whole worlds off its rocker, buy Gold™.
Maybe somebody needs come out of the wood shed once in a while and read the Wall Street Journal ?
Here it is from the WSJ (just one of several such articles over a span of years):
"Prosecutors Say JPMorgan Traders Scammed Metals Markets by Spoofing"
https://wsj.com/articles/former-jpmorgan-traders-face-trial-in-case-that-cost-bank-nearly-1-billion-11657278000
Let's not forget that Morgan Stanley in the 2002-2011 period was found guilty of holding people's money in their "physical silver fund".....yet they didn't have any physical silver in said fund.....they "forgot" to get some....lol. They got a wrist slap out of that one. The amount of silver and gold derivatives out there are massive enough to swing and control the markets. Recall the Bear Stearns silver derivatives debacle from 2007-early 2008 that helped to bust them. JPMorgan bought BSC to help cover over the inconvenient truth of the paper silver positioning. And they actually added to it for several months into the July 2008 derivatives peak.
By July 2008 the amount of paper silver otc derivatives was about $100 BILLION....or at that time 13 years of World-Wide Production (gold derivatives weren't as bad with the big bullion banks only holding $650 BILL or 4 yrs of gold production). Yeah, just a "little" manipulation. And that little manipulation in silver only temporarily dropped silver from $21 to $8. Not that you could actually buy any physical silver at $8-$12/oz at that time. In under 3 years it went up to $49. Show me other markets where the total paper supply (ie manipulation) reaches 13 years of world production in any other commodities. Gold & Silver otc derivatives still run about 4-6 yrs of world annual production.
https://stats.bis.org/statx/srs/table/d5.2?f=pdf
https://bis.org/statistics/derstats.htm
It's always good to see RR here.